(Alliance News) - NEXT RE SIIQ Spa on Tuesday evening announced that the board approved the annual financial report as of December 31, 2022, which closed with a profit of EUR350,000 compared to EUR430,000 in the previous year.

Net rental income was EUR4.3 million compared to EUR3.3 million in the previous year.

Operating income was EUR2.7 million from EUR2.6 million in the same period last year.

Total consolidated financial debt was EUR53.17 million as of December 31, 2022 compared to EUR61.03 million as of December 31, 2021.

Shareholders' equity was EUR85.9 million as of December 31, 2022 compared to EUR85.5 million as of December 31, 2021.

With a view to the future, the company reports that "the implementation of certain operations of an extraordinary nature, pursue the rationalization of its financial structure, in order to ensure that the production of operating flows from core operations guarantees the achievement of a condition of stable balance of an economic-financial nature."

Next Re closed Tuesday's session in the green by 2.7 percent at EUR3.37 per share.

By Maurizio Carta, Alliance News reporter

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